The branch was publishing a newspaper using funds allocated by the parent company. However, the parent company management received information on inappropriate disbursement of funds. In the meantime, the newspaper circulation was already available and head of the branch already submitted supporting evidences.
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An investigation has been completed on behalf of the parent company. Samples of issued printed products were obtained; examination of paper, printing technology, printing materials was completed. Upon completion of a technical and economic assessment, we identified that the market value of those resources was at least half as much compared to that specified in the supporting evidences. Whereas the details required to identify the funding volume to issue the newspaper were submitted by the head of branch. Eventually, we have determined that owner of the company, which received the contract for issuing printed goods, was a relative of the head of branch. Thus we have proven the fact of overstating expenses and embezzlement of funds by branch officers.